Attend the webinar for a better understanding of how you can digitally connect your suppliers and how this can transform your business.Watch on demand
Few construction businesses escaped the negative impacts of the COVID-19 pandemic. The latest data finds that around 40% of construction companies are experiencing significant financial difficulties.
And it gets worse. By all estimates, construction companies lose 6% of annual revenue to fraud. And 37% of that fraud involves billing or accounts payable-related scams.
But construction companies in France, including Eiffage, Vinci, Colas, Bouyues and others have collaborated to jointly reduce fraud in the key area of supplier invoices and payments. By using Tradeshift to digitally connect to suppliers, modernising their invoice and payments process, and utilising Sis ID to prevent invoice and payments fraud they've been able to save millions of dollars in lost revenue and create a program that benefits ALL regional construction companies!
Watch the Tradeshift and Sis ID webinar to learn:
First collaborative platform thought and created by CEO and CAC40 treasurers, Sis ID accompanies large companies in the fight against bank fraud. True trusted third party, the My-Sis-ID platform combines advanced technologies and community approach to guarantee bank exchanges between companies and suppliers.